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Richard
Richard is 30 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has 2 children, one of whom is currently in school. For the past 3 years, Richard has been working hard to manage his retail shop where he sells general foodstuffs.

To help expand his business, Richard has requested a loan of 2 million Ugandan Shillings from BRAC Uganda. The loan will be used to purchase goods for his business and will help Richard generate greater profits and improve his business. Richard hopes that in the future he will have the biggest retail shop in Kyabuza and earn greater profits.

Richard is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Richard who do not have enough collateral for commercial loans but have businesses that have grown too large for microloans.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

About Uganda

  • $1,500
    Average annual income
  • 262
    View loans »
    Uganda Loans Fundraising
  • $30,263,650
    Funds lent in using Kiva
  • 2,470.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Richard to purchase goods for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013